Bryn Mawr Trust Advisors LLC Cuts Stock Holdings in ConocoPhillips $COP

Bryn Mawr Trust Advisors LLC trimmed its stake in ConocoPhillips (NYSE:COP) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,773 shares of the energy producer’s stock after selling 7,985 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in ConocoPhillips were worth $15,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COP. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in ConocoPhillips in the 4th quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of ConocoPhillips in the 3rd quarter worth $28,000. Board of the Pension Protection Fund purchased a new stake in shares of ConocoPhillips during the 4th quarter valued at $28,000. Strive Asset Management LLC purchased a new stake in shares of ConocoPhillips during the 3rd quarter valued at $28,000. Finally, BNP Paribas bought a new stake in shares of ConocoPhillips during the 2nd quarter worth $33,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Sanford C. Bernstein raised their price target on ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Susquehanna lifted their price target on ConocoPhillips from $149.00 to $152.00 in a research note on Friday, May 1st. Truist Financial cut their price objective on ConocoPhillips from $128.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. Finally, Jefferies Financial Group increased their price objective on ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.04.

ConocoPhillips Stock Performance

NYSE:COP opened at $112.75 on Tuesday. The firm has a market cap of $137.36 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.31 and a beta of 0.12. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $135.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The business has a 50 day moving average price of $113.88 and a 200-day moving average price of $112.93.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts predict that ConocoPhillips will post 9.28 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.